FxWirePro
Long

XRP/USD trade above $1 level, jump till 1.500 likely

BITSTAMP:XRPUSD   Ripple / Dollar
Major resistance – 1.2700 (23.6% fibo).

Ripple has shown a minor bullishness and broken resistance at 1.0200. The pair jumped till 1.2300 and is currently trading around 1.0650.

The pair is trading higher and closed above 100- day MA at 0.9200 for the past two trading days. This shows slight bullishness, a jump till 1.5000 (50- day MA) is possible. Any close above 1.5000 will take the pair to next level till 1.7400 (Jan 18th 2018 high)/2. Short term bullishness only above 2.25 level.

The support is at 0.490 major last one for bulls. Any violation below will drag the pair till 0.25/0.15 level. The near term support is around 0.87/0.61.

It is good to buy on dips around 1.0350 with SL around 0.8900 for the TP of 1.500/1.7400.





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